Carlos Tavares Steps Down as CEO of Jeep-Maker Stellantis; Shares Fall Sharply

The global automaker’s sales in North America declined over the past year because of high-cost models that dealers struggled to sell.

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Why Stellantis’ chief executive Carlos Tavares was axed

Portuguese boss refused to budge on pace of EV transition as cries from suppliers, workers and government grew louder
Financial Times - 1d
Stellantis and Intel heads resign, adding to record-breaking CEO step-downs this year

A record number of CEOs have left their roles in 2024, according to an analysis by a career transitioning firm. Stellantis and Intel's CEOs contributed to the trend this week as the companies face ...
CBS News - 7h
Prudential Financial CEO Charles Lowrey to Step Down

Andrew Sullivan, head of international businesses and global investment management, will succeed him.
The Wall Street Journal - 10h
Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
The New York Times - 1d
South Korean lawmakers move to impeach president

Opposition pushes for vote to remove Yoon Suk Yeol after failed attempt to impose martial law
Financial Times - 2h
Why Making the Same Decisions Over and Over Led Stellantis’ CEO to Resign

The departure of Carlos Tavares from the automotive giant he helped create follows his inability to move on from previously successful strategies when faced with new, shifting challenges.
Inc. - 15h
How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.
The Wall Street Journal - 1d
South Korean won falls sharply against the U.S. dollar after president declares martial law

South Korea's won on Tuesday fell sharply against the U.S. dollar shortly after President Yoon Suk Yeol declared martial law.
CNBC - 17h